The shareholders equity of Core Technologies Company on June 30, 2015, included the following:

Common stock, $1 par; authorized, 9 million shares; issued and outstanding, 4 million shares	$	4,000,000
Paid-in capitalexcess of par		16,000,000
Retained earnings		18,000,000

On April 1, 2016, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies common stock was $40 on April 1, 2016, and $50 on June 1, 2016

1.)Complete the below table to calculate the stock dividend.

# of outstanding shares
stock dividend %
# shares to be issued
?
value of stock dividend

2.) Journal entry. Record the declaration of the stock dividend

3.) Journal entry Record the distribution of the stock dividend